Barclays has made the first round of top-level changes at its corporate and investment bank since new divisional boss Tim Throsby arrived from JP Morgan in January.
The UK bank today named Joe McGrath as global head of banking, a new role, alongside his existing duties as chief executive of Barclays in the Americas, according to a memo sent by Throsby and seen by FN.
Throsby has also named John Miller, head of corporate and investment banking for the Americas, as head of global industry coverage banking.
John Mahon, who had been leading banking in Europe and the Middle East, has now been tasked with overseeing corporate banking. McGrath will then look internally and externally for a new head of Europe and Middle East banking, Throsby said.
Jean-Francois Astier, the bank’s head of global leveraged finance, will head up the global capital markets business, which previously was overseen by McGrath. Sam Dean, the bank’s head of corporate finance for Europe, will leave the bank as part of the changes.
In the markets business, meanwhile, divisional head Joe Corcoran has become vice chairman of markets, another new role. Throsby himself will lead the unit as interim head of markets “until a new leadership structure is finalised”, according to a separate memo, also from Throsby.